Argus Corporation Limited: Announces the Appointments of an Independent Director and New Chief Financial Officer.Business Editors TORONTO--(BUSINESS WIRE)--May 26, 2004 Argus Corporation Argus Corporation, based in Toronto, Ontario, is an investment and holding company founded in 1945 by its President E. P. Taylor with minority partners Colonel W. Eric Phillips and Wallace McCutcheon and other investors. Limited ("Argus") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AR.PR.A) (TSX:AR.PR.D) (TSX:AR.PR.B) today announced today that Donald M.J. Vale, a Toronto business executive, is being appointed as a Director of Argus and as a member of its Audit Committee. Mr. Vale has held a succession of senior executive positions including with Philips Electronics (Holland) Ltd., Matsushita Electric Corporation of Japan, NBS (National Bureau of Standards) See NIST. NBS - National Bureau of Standards: part of the US Department of Commerce, now NIST. Technologies Inc. and Sharp Electronics Corporation of Japan. His earlier career included positions at NatWest in London and Shell. He holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration degree from the University of Western Ontario Western is one of Canada's leading universities, ranked #1 in the Globe and Mail University Report Card 2005 for overall quality of education.[2] It ranked #3 among medical-doctoral level universities according to Maclean's Magazine 2005 University Rankings. He is currently the Principal of United Global Enterprises Inc., a consulting firm specialising in executive interim management and global business turnaround assignments. Mr. Vale will join Paul A. Carroll and Peter G. White as members of the Audit Committee that, with two independent Directors, is now in compliance with regulatory requirements. Argus further announced the appointment of Monique L. Delorme, C.A. as the Chief Financial Officer of Argus. Ms. Delorme has been serving as Controller, Head Office Companies for Hollinger Inc. Ms. Delorme succeeds Fred Creasey as Chief Financial Officer. Mr. Creasey is to continue as Vice President of Argus and is to continue to work closely with Argus with respect to preparation, review and filing of financial and other disclosure. |
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